Mortgage payment calculator
Want to know how much your monthly payment is for your mortgage?
Result: Monthly Payment (including amortization scedule).
Additional payment calculator
How much do you save by paying more or making additional payments than your initial mortgage terms?
Result: Monthly Payment With no Extra Payments and With Extra Payments (including amortization scedule).
How much do I have to earn?
Not sure how much money you'll have to earn to afford your house payment and accompanying expenses?
Result: Required Salary.
How much can I borrow?
Want to know how big of a mortgage you can take on?
Result: Maximum monthly mortgage payment, Maximum loan amount.
Should I pay discount points?
Not sure if you should pay discount points on your mortgage loan?
Result: Monthly payment base on Original Rate and With Discount Points, Monthly Payment savings, Recoup time of cost of Discount Points.
How much will I save by refinancing my loan?
How long will it take to recoup the costs of refinancing my home mortgage?
Result: Remaining Loan Balance, Monthly Payment of Old Loan and New Loan, Total Cost, Total Savings.
How much will my tax deduction be?
Want to know how much your home mortgage will save you in taxes?
Result: Home mortgage savings (including amortization scedule).
Bi-weekly mortgage calculator
Want to know how much time and money you'll save paying off your loan on a bi-weekly payment plan?
Result: Regular Payment by month or bi-weekly, pay off date, time saved, total savings (including amortization scedule).
APR calculator
To find out the annual percentage rate of your loan, enter the loan amount, interest rate, points, other costs and year-length term.
Result: Monthly Payment with Stated Loan Amount and Effective Loan Amount, APR value.
Interest only monthly payment calculator
To find out the monthly savings you could gain from an interest-only payment plan.
Result: Interest Only Payment, Fully Amortized Payment, Monthly Savings.
Saturday, January 5, 2008
Free Mortgage Calculators
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1 comment:
Great list,
The Mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment. :)
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